Singapore will defer its mid-year review of bus and subway train fares till the fourth quarter of the year, delaying what will likely have resulted in higher cost of public transport, the Straits Times newspaper reported on Tuesday.
Singapore’s public transport fare review mechanism takes into account inflation and average wage changes in the preceding year, meaning operators SMRT (SMRT.SI) and ComfortDelgro (CMDG.SI) would have gotten the greenlight to raise fares at the next review.
A sluggish fourth quarter for graphics chip shipments found AMD and Nvidia taking market share from Intel. – Estimates from Jon Peddie Research (JPR) regarding graphics chip shipments and suppliers’ market share for the fourth quarter 2010 suggest overall shipments of graphics devices for the year 2010 came in below expectations with an “unimpressive” 4.3 percent total year to year growth–a disappointing …
Thanks largely to its vSphere platform, VMware reported sharply improved quarterly and fiscal-year revenue and profits. – VMware with a boost from
the release of several products in 2010 continues to ride high on the
data-center-virtualization and cloud-computing wave.
Thanks largely to sales and services connected with its popular vSphere
platform, the Palo Alto, Calif.-based world virtualization market leader on
…
Google Jan. 20 reported $8.44 billion in revenues, earnings per share of $7.81, and a profit of $2.54 billion for the fourth quarter. Oh, and Google CEO Eric Schmidt is passing the torch to co-founder Larry Page. – Google on Jan.
20 married a management shakeup with a fine fourth-quarter earnings report,
including $8.44 billion in revenues, earnings per share of $7.81, and net profit
of $2.54 billion.
Google’s
revenue increased 26 percent from the fourth quarter of
2009, while net profit rose 29 percent …
Wall Street expects Google to post net revenue of $6.06 billion on earnings-per-share of $7.14. The search engine is firing on all cylinders, save the social Web. – Wall Street analysts expect Google to post net revenue of $6.06 billion on
earnings-per-share of $7.14 when it reports fourth quarter earnings Jan. 20.
Those figures are a nice bump from the year-ago quarter, when Google
revealed revenues of $4.95 billion on an EPS of $6.79. Google also notched a…
IBM experienced a rise in net income of 9 percent driven largely by systems, software and sales in growth markets. Sales of System z mainframes were up nearly 70 percent in the quarter. – IBM saw fourth-quarter profits rise 9
percent on the strength of systems, software and growth markets.
Announcing its fourth-quarter 2010 earnings on Jan. 18, IBM
said fourth-quarter net income was $5.3 billion, compared with $4.8 billion in
the fourth quarter of 2009, an increase of 9 percent. …
Gartner and IDC agreed in Jan. 12 reports that fourth-quarter 2010 PC sales were sluggish. On how Acer, Dell and Toshiba ranked, however, they disagree. – @font-face {
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Hewlett-Packard,
Dell, Acer and Toshiba dominated worldwide PC shipments during last years
fourth quarter, according to Jan. 12 reports from IDC and Gartner. Whil…
Singapore will report advance fourth quarter and full year GDP data at 8 am on Jan 3, the government said today. In the third quarter, the economy contracted 18.7% on a seasonally adjusted annualised basis. On a year-on-year basis, the economy rose 10.6% in the third quarter.
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iSuppli reports a late-year boost during the holiday season as companies and consumers dig into their pocketbooks to buy more storage. – Hard disk drive manufacturers, despite constant pressure from the growing
solid-state sector, are expected to compile some sales numbers this quarter
that will bring smiles at the end of 2010.
Industry analyst iSuppli reported Dec. 15 that the industry is seeing a
late-year boost during the ho…
Microsoft announced the availability of its Forefront Endpoint Protection client security software release candidate. The product is slated to launch end of 2010. – The release candidate build of Microsofts Forefront Endpoint Protection client software is now available for download, the software giant said on Nov. 8.
Microsoft said the new client security product is on track to be released to manufacturing before the end of the year. Originally slated for the …
IT is the highest ranking industry in expected hiring during the last three months of the year, but the majority of companies are not planning on adding headcount. – About
a fifth of companies are planning to hire in the last quarter of the year, but
worker sentiment is all over the map, and its not all that rosy. Just over 21
percent of companies are planning to hire either full-time or temporary workers
in the fourth quarter which is consistent with 2009 h…
Research In Motion expects to build 2.5 million BlackPad tablets for the fourth quarter. Expect BlackPad for the enterprise, not as a rival to Apple iPad or Android tablets. – Research In Motion expects to build 2.5 million BlackPad
tablets for the fourth quarter, said a financial analyst.
The Wall Street Journal reported Sept. 22 that RIM will unveil the BlackPad at its 2010 BlackBerry Developer Conference, which runs
from Sept. 27 through Sept. 30 in San Francisco….
Property developer Wing Tai Holdings reported a net profit of $68.92 million for the fourth quarter ended June 30, 2010 (4Q2010). This reverses the net loss of $53.88 million it made in 4Q2009.
Revenue for the three months was up 17% y-o-y to $222.35 million.
Shares of Singapore Exchange (SGXL.SI), Asia’s second-largest bourse by market capitalisation, opened 0.52% higher on Monday after it announced it posted a 13% fall in fourth quarter net profit.
At around 9:04 a.m., SGX shares were traded at $7.69, up 0.39%, with over 95,000 shares changing hands.
SGX earned $79.6 million in the three months ended June 30, down from $91.2 million a year earlier, but said prospects were good. The profit was in line with the median estimate of $80 million of five brokers surveyed by Reuters.
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HTC has told blogs most Android phones launched this year will get an upgrade to Android 2.2 in the second half of the year. This includes the Desire and Droid Incredible as well as upcoming phones like the Evo 4G, MyTouch slide and upcoming models. Meanwhile, the public has learned from Google’s WebM VP8 codec Website that Android 2.3, the so-called Gingerbread build, could be ready as soon as the fourth quarter this tear. – HTC, whose Android-based smartphones
include the Hero, Nexus One, and the Droid Eris and Droid Incredible, has told
blogs most phones launched this year will get an upgrade to Android 2.2 in
the second half of the year.
quot;As we get closer to readiness, we’ll reveal a full list, but for now…
Singapore Airlines (SIA) (SIAL.SI), the world’s second most valuable airline, said advance travel booking is encouraging and cargo demand will hold up after it posted a better-than-expected seven-fold jump in quarterly profit.
Singapore flag carrier and its Asian rivals, coming out of an economic downturn, are facing new threats from the European market where travel could be hit by volcanic eruption in Iceland and economic problems.
A 9 percent increase in Symantec’s consumer business led the way in the final quarter of its fiscal year 2010, the security company reports.
– Symantec posted a strong fourth quarter for fiscal 2010 on the back of
strong consumer sales.
In its earnings announcement May 5,
Symantec said revenue rose 3 percent to $1.535 billion for the quarter,
reaching $6.01 billion for the fiscal year. The strongest growth occurred in
the consumer s…
BlackBerry maker Research In Motion turned in another strong quarter and fiscal year. Nearly half of its Q4 revenue came from outside North America, where BlackBerry handsets were strongly promoted, the reach of the recession varied and Googles Android is less of a threat.
– BlackBerry maker Research In Motion turned in another strong quarter on
March 31, announcing revenue of $4.08 billion for the fourth quarter of its
fiscal year 2010, which was a boost of 4 percent from the previous
quarter.
RIM closed the fiscal year on Feb. 27 with revenue of $14.95 billion u…
